Overview: In 2019 Zambia was the number 109 economy in the world in terms of GDP (current US$), the number 90 in total exports, the number 115 in total imports,
the number 158 economy in terms of GDP per capita (current US$) and the number 111 most complex economy according to the Economic Complexity Index (ECI)
In 2019, Zambia exported a total of $10.1B, making it the number 90 exporter in the world. During the last five reported years the exports of Zambia have changed by -$2.89B from $13B in 2014 to $10.1B in 2019.
In 2019 Zambia imported $7.33B, making it the number 115 trade destination in the world. During the last five reported years the imports of Zambia changed by -$2.16B from $9.49B in 2014 to $7.33B in 2019.
In 2017, Zambia exported $855M worth of services. The top services exported by Zambia in 2017 were Business travel ($370M), Personal travel ($283M), Reinsurance ($75.4M), Transportation ($48.8M), and Telecommunications services ($37M).
The top services imported by Zambia in 2017 were Business travel ($156M), Reinsurance ($79.6M), Personal travel ($67M), Government services, n.i.e. ($58.2M), and Miscellaneous business, professional, and technical services ($56.9M).
*The tariffs applied to imports for Zambia are:115: Common Market for Eastern and Southern Africa (Group I) FTA Member States136: Most Favoured Nation duty rate treatement211: Preferential tariff for Eritrea (COMESA)214: Preferential tariff for Ethiopia (COMESA)302: Preferential tariff for South Africa347: Regional Preferential tariff for SADC countries
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
Zambia has a high level of specialization in Raw Copper (842), Sulfuric Acid (174), Quicklime (93.8), Refined Copper (56.6), and Precious Stones (53.8). Specialization is measured using RCA, an index that takes the ratio between Zambia observed and expected exports in each product.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.